Do you think "iamnotback" really has the" Bitcoin killer"?

[iamnotback]

That said, I'm losing faith in decentralized systems.  I think after all that Sun Tsu was right: the army that wins is the one that obeys its commander:

The Moral Law causes the people to be in complete accord with their ruler, so that they will follow him regardless of their lives, undismayed by any danger.

I can only think of small scale niche communities with a higher desire for decentralization than for benefit.

The Internet is a counter example. The mass media centralization was defeated by the Internet. Facebook and Google are next to be defeated (along with StackExchange! grrrr)

My decentralization design is to bring the Linus' law (given enough eyeballs, all bugs are shallow) Internet model to consensus systems. This in theory inverts the economics lamented by the following:

http://esr.ibiblio.org/?p=984
http://www.truthcoin.info/blog/pow-cheapest/#example-2-delegated-proof-of-stake-dpos

I had some initial doubts about my system (as I was writing it down and thinking it all out) because the choke point is who controls which clients the users download, but the Internet has proven (e.g. BitTorrent) there is no such choke point. So I think I have the solution we need, but peer review will be nice. I'd love peer review right now, but then Ethereum would just adopt it and all my reward would be lost.

Don't expect a perfect nirvana design. There is no such absolute nirvana. Expect something along the lines of the innovation of the Internet. It won't make everything perfect, but hopefully it will change everything.


I need to go back into the programming cave...

It has been proven that Steem was a vile rigged pyramid scheme coin and yet Shelby gladly participated and was not long ago posting Steem links around the forum here.. for profit $$$

I was able to cash out ~$6000 of earnings from blogging on Steem (which has sustained me during this years when I was ill with disseminated Tuberculosis and didn't even know which illness I had), which also dovetailed with my research about decentralization. So it was very productive use of my time. Also I still hold 5421 STEEM as a hedge against if Steem actually got their head-out-of-their-ass and promoted their scaling advantages (which are superior to both Dash and Ethereum).

You are still on ignore (not because I dislike you as a human being actually you are often cordial, but because you violated all your own principles by going easy on Dash recently and because you waste my very scarce time with the frequent defense against your ad hominem attacks about actions, motives, etc ... so it is more productive if I don't even know what you are writing about me), but I saw someone quoted your comment in another thread, where you made this same accusation against me.

Most of us are here for a combination of profit and trying to appeal to our idealism about decentralization. Most of us are losing some of our enthusiasm about whether decentralization can really be obtained. But the Internet should be our inspirational example, that maybe it can be achieved. The YUGE distinction is that the Internet is not a total ordering and consensus is. So that is where the centralization always creeps in (via economies-of-scale).

I am not just working on decentralization of consensus systems. My work also includes improvements to the JavaScript ecosystem designing a new transpiler for an improved mainstream programming language. I continue to try to generate value for humanity and earn a living while doing so. I reject your Communism.

[RonPaulBTC]

Also I also feel better at night, I actually feel good and more lucid, in the morning im sloppy, after I have breakfast I feel like going to sleep again, bad cold tolerance etc. At night is great. If I knew how to code I would code at night and I could get shit done, but I can't code cause my brain is good at music and artistic stuff but I was always bad at stuff that requires the sort of attention and logic that good coders have.
I think it might me about cortisol levels or whatever. I can't get much done cause I don't have the money I would need to do proper research. At least I feel ok at night. I might try forcing myself to go to sleep earlier for a period and wake up early and get some morning sun and see what happens. Maybe I fucked up my circadian rhythm due staying up late too much and this has an impact on thyroid, cold tolerance etc... after I do this then I will get some labs done again, get TSH, t4, t3, reverse t3, antibodies, iron levels, and some other hormones, and a 24hour urine test with cortisol free and total, 17 ketosteroids...+ a couple saliva samples for a proper cortisol curve and see if this changed anything. If there is no positive adaptation and I see no improvement in the morning and cold tolerance then I will have to look deeper, adjust thyroid meds and whatnot. I also got a test where they look at hairs and see mineral levels and toxic levels with inconclusive results. The problem is, it is very difficult to find a dr that can interpret such results and follow your case by step and get involved, and if you do then you need to have a lot of money which I don't. Anyway I don't want to derail the thread, my case is not that bad, most people have sluggish thyroids nowadays, I would like to have better cold tolerance and better mornings but having optimal health is pretty difficult because healthcare drs usually will not take a case like mine serious so you need to find and and pay a good one.

Manage your symptoms as best you can and continue to accumulate wealth, and eventually you'll have the resources to attack your health problem properly.

That your digestive system is in involved seems to indicate immune system involvement, thus I really think you should test also for infections and viruses, such as Epstein-Barr, Syphilis, etc... I think toxins are very unlikely the cause. It is much more likely to be a pathogen or cancer. One of your parathyroid glands (size of a grain of rice) can be defective and might need to be removed (you have 2 backups I think).

Get a CT scan also to look for tumors all over. Cancer can mess up our endocrine system. Might even be benign.

So many possibilities. You need a research hospital.

I understand why you want to mention it (so many times I did on these forums), because I know how frustrating it is to be handicapped by chronic fatigue and you'd prefer to do action but when you can't you can only communicate that you can't. I do agree let's try not to derail the thread. I understand somewhat what you are going through. You've just got to stay focused on the goal. Grind through it. Try to keep yourself occupied and as productive as you can.

P.S. my production is improving and I have only 8 more days (including today) on the intensive 4 drug regimen. I was hopeless for years, and I can't even describe all the daily suffering, but somehow I stayed focused on doing whatever I could do to work myself towards eventually finding a cure. I don't think anyone who hasn't been suffering on a daily basis can actually know what you feel. You really have to experience it in order to really empathize.

i feel tired and i have been paranoid about having cancer for more than 10 years

How can I guarantee that i dont have cancer? i hate being always paranoid about it

im also young still on my late 20s

its not so bad sort of what the jaytiesto said, just tiredness feeling  you are not at 100% but still annoying

And now i feel stressed about the hard fork, i have a lot of money invested in bitcoin and i dont know what to do

[Fatoshi]

This thread is turing into a virtual hospital bed for the sick and confused.

[iamnotback]

JavaScript applications consume too much resources like memory and cryptocurrency is not a light type of software. Some months will pass and you will see how node can't be run on an average computer.

Research roughly approximates that GC requires 5X the memory of explict memory allocation to achieve the same performance, 3X to lose only 17% performance, and 2X to lose 70% performance.

However as I had explained in a discussion with @jl777 last year, we can code in JavaScript with explicit memory allocation by employing an ArrayBuffer heap as Emscripten does for transpiling C to JavaScript and with certain compile-time semantics other optimizations may be possible.

Also explicit refcounting has performance tradeoffs also.

This thread is turing into a virtual hospital bed for the sick and confused.

We need a decentralized version of this:

http://health.stackexchange.com/

So the best I can do is put all my effort into making OpenShare a reality.

If you were suffering from chronic illness you might understand why the desperation and speaking out occurs. It isn't really on topic but it don't wish anyone to remain chronically ill. I don't know what to tell these guys other than try find competent medical testing. I wish I had better suggestions. Feeling fatigued, unwell, and dizzy (unable to concentrate, etc) is not a nice condition to be for years and years (and I'm even experiencing this tonight so I can relate again). When not feeling well, get more sleep. Stay off the computer and get more sunshine. Exercise intensely. Eat right. If you haven't tried those lifestyle changes, then you need to STFU. If all that hasn't worked, then my only suggestion is find a way to get competent, first-world medical testing and diagnosis. I have no extra resources to help anyone financially at this time.

I hope we can stay on topic.

Dude the guy above 'thinks' he has had cancer for the last 10 years.....and hasn't. You want me to feel compassion for him while at the same time I suffer from two conditions that would devastate the average person. Its only semi-relevant in your case in terms of lack of production otherwise users health condition is almost irrelevant here on this forum. Should people post their relationship issues here? Should people post their sexual deviances here? Go to Curezone if you are after health advice.

I understand. It isn't my thread, so I can't moderate it. I wasn't trying to demonize you. But the issue is that chronic fatigue can be very debilitating. I wasn't focused on the cancer word, rather focused on his feeling of helplessness and frustration. I didn't realize so many people suffered physically. I was so lucky to have elite level genes and health for most of my life until I apparently got infected with disease due to my travails in the Philippines. So at least I can say it was partially my fault for leaving the relatively good public health environment of the USA. Some of you all are perhaps suffering from conditions that were not due to any mistake you made. I empathize.

Now I agree let's try to stay on topic.

[manselr]

Also I also feel better at night, I actually feel good and more lucid, in the morning im sloppy, after I have breakfast I feel like going to sleep again, bad cold tolerance etc. At night is great. If I knew how to code I would code at night and I could get shit done, but I can't code cause my brain is good at music and artistic stuff but I was always bad at stuff that requires the sort of attention and logic that good coders have.
I think it might me about cortisol levels or whatever. I can't get much done cause I don't have the money I would need to do proper research. At least I feel ok at night. I might try forcing myself to go to sleep earlier for a period and wake up early and get some morning sun and see what happens. Maybe I fucked up my circadian rhythm due staying up late too much and this has an impact on thyroid, cold tolerance etc... after I do this then I will get some labs done again, get TSH, t4, t3, reverse t3, antibodies, iron levels, and some other hormones, and a 24hour urine test with cortisol free and total, 17 ketosteroids...+ a couple saliva samples for a proper cortisol curve and see if this changed anything. If there is no positive adaptation and I see no improvement in the morning and cold tolerance then I will have to look deeper, adjust thyroid meds and whatnot. I also got a test where they look at hairs and see mineral levels and toxic levels with inconclusive results. The problem is, it is very difficult to find a dr that can interpret such results and follow your case by step and get involved, and if you do then you need to have a lot of money which I don't. Anyway I don't want to derail the thread, my case is not that bad, most people have sluggish thyroids nowadays, I would like to have better cold tolerance and better mornings but having optimal health is pretty difficult because healthcare drs usually will not take a case like mine serious so you need to find and and pay a good one.

Manage your symptoms as best you can and continue to accumulate wealth, and eventually you'll have the resources to attack your health problem properly.

That your digestive system is in involved seems to indicate immune system involvement, thus I really think you should test also for infections and viruses, such as Epstein-Barr, Syphilis, etc... I think toxins are very unlikely the cause. It is much more likely to be a pathogen or cancer. One of your parathyroid glands (size of a grain of rice) can be defective and might need to be removed (you have 2 backups I think).

Get a CT scan also to look for tumors all over. Cancer can mess up our endocrine system. Might even be benign.

So many possibilities. You need a research hospital.

I understand why you want to mention it (so many times I did on these forums), because I know how frustrating it is to be handicapped by chronic fatigue and you'd prefer to do action but when you can't you can only communicate that you can't. I do agree let's try not to derail the thread. I understand somewhat what you are going through. You've just got to stay focused on the goal. Grind through it. Try to keep yourself occupied and as productive as you can.

P.S. my production is improving and I have only 8 more days (including today) on the intensive 4 drug regimen. I was hopeless for years, and I can't even describe all the daily suffering, but somehow I stayed focused on doing whatever I could do to work myself towards eventually finding a cure. I don't think anyone who hasn't been suffering on a daily basis can actually know what you feel. You really have to experience it in order to really empathize.

i feel tired and i have been paranoid about having cancer for more than 10 years

How can I guarantee that i dont have cancer? i hate being always paranoid about it

im also young still on my late 20s

its not so bad sort of what the jaytiesto said, just tiredness feeling  you are not at 100% but still annoying

And now i feel stressed about the hard fork, i have a lot of money invested in bitcoin and i dont know what to do

You guys need to stop worrying. Pretty much EVERYONE is working at 60-70% capacity in modern capitalist society and that is what you are talking about. Working all day in a job you dont like its tiring. Everyone around me is sluggish, including myself. Life is a constant struggle except for the rich enjoying their wealth in a constant vacation, the few that don't have problems have elite genetics.
The only thing we can aim to is to get rich to have a more relaxed lifestyle but that's really hard....

Hard fork issue: I haven't sold a single BTC yet, will keep holding and see what happens.

[Fatoshi]

JavaScript applications consume too much resources like memory and cryptocurrency is not a light type of software. Some months will pass and you will see how node can't be run on an average computer.

Research roughly approximates that GC requires 5X the memory of explict memory allocation to achieve the same performance, 3X to lose only 17% performance, and 2X to lose 70% performance.

However as I had explained in a discussion with @jl777 last year, we can code in JavaScript with explicit memory allocation by employing an ArrayBuffer heap as Emscripten does for transpiling C to JavaScript and with certain compile-time semantics other optimizations may be possible.

Also explicit refcounting has performance tradeoffs also.

This thread is turing into a virtual hospital bed for the sick and confused.

If you were suffering from chronic illness you might understand why the desperation and speaking out occurs. It isn't really on topic but it don't wish anyone to remain chronically ill. I don't know what to tell these guys other than try find competent medical testing. I wish I had better suggestions. Feeling fatigued, unwell, and dizzy (unable to concentrate, etc) is not a nice condition to be for years and years (and I'm even experiencing this tonight so I can relate again). When not feeling well, get more sleep. Stay off the computer and get more sunshine. Exercise intensely. Eat right. If you haven't tried those lifestyle changes, then you need to STFU. If all that hasn't worked, then my only suggestion is find a way to get competent, first-world medical testing and diagnosis. I have no extra resources to help anyone financially at this time.

I hope we can stay on topic.

Dude the guy above 'thinks' he has had cancer for the last 10 years.....and hasn't. You want me to feel compassion for him while at the same time I suffer from two conditions that would devastate the average person. Its only semi-relevant in your case in terms of lack of production otherwise users health condition is almost irrelevant here on this forum. Should people post their relationship issues here? Should people post their sexual deviances here? Go to Curezone if you are after health advice.

[iamnotback]

You guys need to stop worrying. Pretty much EVERYONE is working at 60-70% capacity in modern capitalist society and that is what you are talking about. Working all day in a job you dont like its tiring. Everyone around me is sluggish, including myself. Life is a constant struggle except for the rich enjoying their wealth in a constant vacation, the few that don't have problems have elite genetics.
The only thing we can aim to is to get rich to have a more relaxed lifestyle but that's really hard....

The current order of the world is fracturing.

We were promised a Utopian, socialist dream and now people are starting to realize that you'd have to be asleep to believe it.

Possibly we can actually do something about that. We can at least set lofty goals can't we? I was trying to compose some internal notes tonight about project plans:

Coming back to this some months later, I will now add some details.

The blockchain is now named OpenShare (domain opensha.re) which has been publicly well received. Xxxxx (domain xxxxx.us) remains a good potential name for one of the public facing apps that will run on and be the public face of the project to the masses.

We need a way to motivate others to develop apps for the system as well as to motivate users to join and use the system, because we know we can't possibly scale up this thing doing all the development and marketing by ourselves. And we'd like to provide so many money making and development flexibility opportunities for others to minimize the jealously and power struggles that occur in the cryptocurrency sphere. Sufficient adoption inertia by both devs and users can minimize the viability of threats from copycoins and hardforks. In the whitepaper, I even mentioned the technical design facets such decentralized introduction of new data formats and separately smart contracts merged-mined isolated from each others' state machines.

By [redacted], we can fund four class of actors involved in ecosystem promotion, marketing, and development:

1. Developers of apps which attract the users.
2. Power users who [redacted]
3. Providers of content which attract the users.
4. [redacted]

...

So the idea is we can grow the marketcap ranking on Coinmarketcap.com, fund developers, content providers, and power users ...

...

But even in this paradigm I have proposed, the app developers have full autonomy! And let a 1000 apps bloom! They don't need to do an ICO to raise funds! They don't have to incriminate themselves! Now finally app development can go mainstream.

I don't see why would anybody use Ethereum instead of Bitcoin.

Because you can build all the experimental smart contract ICO tokenized apps on ETH. So many of them in the pipeline now. Ethereum is possibly winning the race for developer mindshare.

Right now we claim that none of these apps will ever get any real world adoption, but we forget the speculators are the users. And now the developers are the users. Programmers matter A LOT.

I don't think Ethereum's technical design and ICO model is the best possible one, but there is nothing shipping now (or about to ship this month) which is unarguably better in app developer mindshare.

Who is in second place? Bitcoin or Steem?

And one or more of those ETH apps may end up causing a mania again. May not happen, but the chance of happening is one of the reasons to hold ETH.

Re: BitBay Decentralized Marketplace. Discussion.

I like Zimbeck. He appears to have very high ethics.

But (at least in terms of adoption by app users) I am betting against apps with their own tokens running by themselves as a viable model (but as you know I am biased as I am working on an app platform project). You've got to be part of something bigger such as an app store in order to get economies-of-scale.

But he can try making Bitbay an app on platform with many apps and more economies-of-scale.

I might be incorrect in my understanding and expectation. Let's see what transpires. Just adding my opinion here. (I hedged against my own project by diversifying a little bit of BTC into ETH which is an ICO app platform)

Also it seems projects are more about speculator delusion than actual user adoption (unless speculators trading are considered the users).

@dinofelis, I don't want to get into another debate with you right now, but I intend to prove with a real project that you are conflating a BDFL with decentralization of the four classes of actors. You are stuck on this theme that decentralization is only useful for dark markets and I intend to prove that the mainstream of society needs decentralization. The Internet is decentralization. I posit that Google and Facebook are about to be disrupted. Expending too much time and effort on words isn't as useful as working to make a real experiment. Btw, I do agree the ideal is that influence/power of the BDFL should wane and the paradigm should run decentralized autonomously and I think this may be possible. But all the scaling issues have to be worked out. Satoshi added the 1MB limit after he had already released Bitcoin. He hadn't worked out of all the scaling issues. His work was incomplete.

[CoinTracks]

* delusional
* can't handle insults on the internet without reacting like a toddler would, cries to the moderators when he can't take an insult
* prone to violent threats and outbursts (like a child)
* makes up fantastical stories
* has health problems
* displays a history of making poor decisions
* sexist, ignorant of the world, a bigot

anyone who thinks this mentally unstable impotent man child could ever create anything as complicated as a "Bitcoin killer" is insane

Bet you voted Hillary right?

[The Crypto Baron]

* delusional
* can't handle insults on the internet without reacting like a toddler would, cries to the moderators when he can't take an insult
* prone to violent threats and outbursts (like a child)
* makes up fantastical stories
* has health problems
* displays a history of making poor decisions
* sexist, ignorant of the world, a bigot

anyone who thinks this mentally unstable impotent man child could ever create anything as complicated as a "Bitcoin killer" is insane

Bet you voted Hillary right?

He's not wrong...

PS. Lock her up

[iamnotback]

Having discussions with anonymous Newbie account is somewhat analogous to getting a blowjob by sticking your dick into a hole in the wall. As Gump said, "Life is like a box of chocolates, you never know what you're gonna to get". Kind of weird when you don't know who or what is sucking your dick.  

4. Miners. I really don't know why people believe/think it's okay for miners to have power.

That is actually very astute.

They have no power in my OpenShare design. And I am not referring to PoS either.

1. Genius programmers that are also natural leaders ( someone like vitalik ).

That will be the one who improves on Satoshi's solution to the problem of decentralized consensus. No one has yet.

[alkan]

Compare his equation with my math explanation, and you see that Peter's conceptualization employs the average orphan rate for everyone when everyone chooses the same propagation time. The average orphan rate reflects the systemic waste of hashrate due to conflicts over which block to build the next block on. But the key point is that this waste is shared by all miners, so it isn't a cost because the difficulty readjusts commensurately, i.e. the overall profit in the system is determined by the difficulty relative to total block rewards. Peter's conceptual mistake is that it is the relative advantages that miners have over each other that determines relative profitability and this is why the cost of block space doesn't go to 0 when debasement rate goes to 0.

It appears that Peter Rizun has not only acknowledged this issue in his paper but he also made other important caveats as well, such as that the block reward must be some positive value.

We made three important simplifying assumptions in this paper: (1) we assumed the
probability of orphaning a block was well characterized by a single parameter that represented
the time between when a miner had solved a block and when his solution had been
communicated and accepted by his peers, (2) in Sections 7 to 9, we assumed that this time
parameter had a lower bound, in part, due to the capacity of the channels used to communicate
the solutions and by the coding gain with which they could be compressed, as described by the
Shannon-Hartley theorem, and (3) we ignored the costs a miner bears when he commits
transactions to a block beyond those due to orphaning. These simplifications bring up
questions that deserve further study:

(1) The time it takes to propagate information to the other miners is not in general
constant across the network, while the mempool is largely homogenous. This
suggests that, assuming equal hashing costs, miners who can propagate their block
solutions faster will earn a larger surplus. Relatedly, recent evidence also suggests that
miners may begin mining prior to fully receiving and validating new blocks.
(2) Imagine the existence of a mining cartel, interconnected with high-capacity relay
channels and committed to standardized mempool policies (to facilitate dense
compression of block solutions). Such a cartel could greatly reduce the time required
to propagate solutions to its other members. Do we expect such cartels to form and
what might be their effect?
(3) When a miner accepts a transaction that increases the set of unspent outputs (UTXO),
he takes on a liability equal to the present value of the cost of storing those new
outputs indefinitely far into the future. Is a healthy fee market expected to emerge that
charges users the true cost of expanding Bitcoin’s UTXO set?

We conclude by noting that the analysis presented in this paper breaks down when the
block reward falls to zero. It suggests that the cost of block space is zero; however, this would
suggest zero hash power, which in turn would suggest that transactions would never be mined
and, paradoxically, that no block space would be produced. Happily, questions about the
post-block reward future can be explored at a leisurely pace, as we have a quarter-century
before it begins to become a reality. Into the distant future then, a healthy transaction fee
market is expected to exist without a block size limit.

[iamnotback]

We conclude by noting that the analysis presented in this paper breaks down when the
block reward falls to zero. It suggests that the cost of block space is zero; however, this would
suggest zero hash power, which in turn would suggest that transactions would never be mined
and, paradoxically, that no block space would be produced. Happily, questions about the
post-block reward future can be explored at a leisurely pace, as we have a quarter-century
before it begins to become a reality. Into the distant future then, a healthy transaction fee
market is expected to exist without a block size limit.

It makes perfect sense that averaged across all miners cost per byte ~ inflation rate (e^t) where t is propagation time and ~ means proportional to. Because difficulty adjusts, thus hashing cost rises to match the block reward (i.e. inflation rate) multiplied by wasted hashrate losses due to orphan rate.

It is independent of the amount data in the block (meaning there is no cost constraining amount of data to put in a block). That is because the equation he chose is modeling everyone having the same orphan rate, thus it models that no miner attempts to use a smaller block size than the other one.

But miners will strategically employ this block size choice and it turns out that it is a power vacuum with winner-take-all property that forces a cartel to use large blocks as a weapon against those not in the cartel.

So IMO he hasn't entirely acknowledged his error. He noticed there were problems in his analysis, but he didn't entirely home in on the holistic conclusion. His model is meaningless. It makes no sense to model average orphan rate as a limiting factor providing an equilibrium, because miners have incentive to do whatever it takes to reduce the waste of their individualized orphan rate and they can do so at their advantage by not including the minority in their cartel, so that the non-cartel minority has a very high orphan rate and the cartel has an ultra low orphan rate. The only equilibrium is due to centralization of control.

[iamnotback]

Re: edgeless.iO Crowdsale

Why can't US people get into this?   It says US people are not allowed for crowdfunding

Due to US law which are not fit for this business that is the reason mostly online casino not offering their services for some countries.

This inability to offer ICOs to non-qualified USA persons (i.e. those identified to be sophisticated and have at least a $million networth) due to requirements of USA investment securities law, is I think maybe going to be another reason that my OpenShare project's method of funding apps without ICOs, is going to be very popular.

Even Iconomi's ICO was not offered in the USA. Click here to read Iconomi's explanation.

[iamnotback]

If you wanted to upend Core, then you should have more competent people who would have advised you that unbounded block size doesn't have an equilibrium.

If you have successfully demonstrated  that unbounded block size cannot reach an equilibrium outside a majority-collusion environment, I have missed it.

Yes you missed it. I have already explained the math for why there is no relationship between an average orphan rate and a cost per byte (which is a necessary prerequisite for a supply curve as explained by @Peter R's paper). In other words, if we model that every miner has the same orphan rate, then there is no level of block size which is more or less favorable to the miner, because difficulty adjusts to the same level for all the miners. In other words, the wasted hashrate of the orphan rate is paid for by income from the block because all miners have the same costs (@Peter R's model inherently presumes that hashrate and propagation delay are uniformly distributed).

It is only when we model relativistic orphan rate (which @Peter R's paper doesn't even consider) that we will see any relative profit levels and able to model orphan rate as a cost. @Peter R should have realized this, but he apparently didn't quite realize that his model was meaningless although he did mention some of these issues that perplexed him in his concluding remarks.

Once we do model differing orphan rates for different miners, then the optimal strategies for mining come into play. And if you work out the game theory of that, you realize that collusion and centralization are the only possible outcome.

...(if you don't understand why then you need to study the original selfish mining paper and the followup on optimal mining strategies)....

Also I received a reply in private from one of the people I asked to peer review the issue:

I watched Peter R. video. You're right to point out that his arguments are undermined by
1) propagation delays not having much impact until blocks are really huge, at which point running full nodes will be very hard and the system is hopelessly centralized.
2) these delays do not even matter when using trusted headers-first.

If your argument is that there is no equilibrium in a majority-collusion environment, then your fear is as valid for today's Bitcoin than it is under unbounded blocksize. Nakamoto consensus is -- as far as we know -- dependent upon 'a majority of honest [miners]'.

You are making a similar error as those two others did upthread. A 51% (or even 33% selfish mining) attack is not a change in protocol. In other words, in BTC the miners can't make huge blocks, because it violates the protocol limit of 1MB.

And as a practical matter, Bitcoin operated just fine for multiple halvings with no practical bound on blocksize.

There was minimum advised fee and there were pools doing anti-spam such as I think I've read that Luke Jr's pool rejected dust transactions. I haven't studied that period of time in great detail, so perhaps someone else would be better qualified to discuss that with you.

[HCLivess]

That was unexpected 
iamnotback = tptbneedwar

[iamnotback]

iamnotback = tptbneedwar

https://www.youtube.com/watch?v=Le6qeMe7-vM

[IadixDev]

Coming back to this some months later, I will now add some details.

The blockchain is now named OpenShare (domain opensha.re) which has been publicly well received. Xxxxx (domain xxxxx.us) remains a good potential name for one of the public facing apps that will run on and be the public face of the project to the masses.

We need a way to motivate others to develop apps for the system as well as to motivate users to join and use the system, because we know we can't possibly scale up this thing doing all the development and marketing by ourselves. And we'd like to provide so many money making and development flexibility opportunities for others to minimize the jealously and power struggles that occur in the cryptocurrency sphere. Sufficient adoption inertia by both devs and users can minimize the viability of threats from copycoins and hardforks. In the whitepaper, I even mentioned the technical design facets such decentralized introduction of new data formats and separately smart contracts merged-mined isolated from each others' state machines.

By [redacted], we can fund four class of actors involved in ecosystem promotion, marketing, and development:

1. Developers of apps which attract the users.
2. Power users who [redacted]
3. Providers of content which attract the users.
4. [redacted]

...

So the idea is we can grow the marketcap ranking on Coinmarketcap.com, fund developers, content providers, and power users ...

...

But even in this paradigm I have proposed, the app developers have full autonomy! And let a 1000 apps bloom! They don't need to do an ICO to raise funds! They don't have to incriminate themselves! Now finally app development can go mainstream.

Hello

I am motivated to make blockchain based application What do you have as framework and base to build the applications ?

I think i'm on the same line than you with many things, with typeclass, json like data definition, javascript, DOM, and i have good experience in many domain you are talking on the git

I'm probably about to pull out the basics of script engine to program blockchain node based on my framework with the binary module components, json data definition, and i already have all the working code base for this

I'm just not sure about your organisation, and how to get involved with your ideas, if you are looking for people to develop stuff, i'm on the same line for theory in language definition and decentralized code, and i'm rather pro efficient in programing in many languages, and i'm totally aware of the problematics you are pointing in the zen script git hub discussion

I'm aware also of health problem, had a pneumonia some years back, and still have some amount of neuropathy/fibromalgy, but i keep myself healthy now I try to do sport and eat healthy and manage stress and anxiety better

But i'm aware with this problem and concentration needed to do good code, need to find to good pace

[groovy1962]

Currently 30,013 words with 205 cited references. I am not completely satisfied with the document yet. It is a very long document that has undergone a lot of edits and needs more polishing. The paper attempts to explain a very complex topic and so the paper at this point is a spaghetti because topics are cross-referenced all over the paper to each other. But the necessary concepts are already all there as of December.

It's always good to re-read the Satoshi paper, as it is not only laying out revolutionary stuff, it is a benchmark for succinctness.  So much about early bitcoin was not in that paper.

Writing a white paper can turn into a kitchen sink of a wishlist document.

Hopefully you're getting feedback from people on the paper, and you are doing some coding to test the implementation ability of some of your ideas.

I've been looking at the coins coming out and doing ICOs and reading their papers and it's really obvious how many will take forever to ever work (hell, I argue ethereum still does't work like it was supposed to. They still haven't solved fundamental problems.)

Finally, I think there are two good paths here-- if you want to play devils advocate and argue for better choices, go for it.  But if you want to be secret and write your paper in secret before sharing it with people, then probably best to not talk about your idea here-- don't let ego take you away.

If you are building what you say, then your time is better spent building it than talking to naysayers here.  IF you aren't building it, that's fine, share your ideas.

I'd be happy to review your white paper if you like, I can send you my bonafides by pm.

[iamnotback]

This is a well argued point:

Edit: currency has value because of confidence, so in that respect BTC being more polished and reliable would be the wisest choice. But I don't think blockchains are going to be about only currency. Ethereum's community also thinks this way.

Bitcoin hasn't managed to gain mainstream adoption, not even close. Sure, alot of people know it exist, atleast those that know how to properly use a computer. But, it's 8 years since launch, the adoption is arguably doing much worse than bitcoiners anticipated. And it reached the curent adoption it has nowadays not because people looked at it and saw an alternative currency because they felt so opressed by their government, but because the hype was so huge they thought they'd become rich, and the wildest dreams were like this: i buy several btcs now and in 10-20 years i'll be able to retire.
And this sentiment kept going on. However, culminating with this civil war in the community, some investors are starting to lose confidence. And, the more confidence you lose in the brand, the more you will be interested in the technological aspects, development, research and adoption (by people who actually matter).

Because of this, i do not think public cryptos that aim to be just payment systems will succeed. Sure, they'll cover a niche, what bitcoin does today, but never payment systems. Even if bitcoin had a respected leadership to further develop and actually make it work, the concentration of money in a few hands would be too big to make it work as a mainstream currency anyway. Even though there are many smaller or bigger places that accepts btc, very few people are actually paying with it. As an example; as i recall, somehow steam had it's bitcoin stolen. 20 bitcoins after 1 year of accepting it, something like that.

So, in conclusion, i think bitcoin will only be used as a niche currency but mostly speculation. This would have worked great, but unfortunately for bitcoiners it's POW system is the most primitive and can't work long term.

[IadixDev]

And, the more confidence you lose in the brand, the more you will be interested in the technological aspects, development, research and adoption (by people who actually matter).

That would be good news